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clinton's first campaign ad? i hope so. it's just another manic monday. it's "the cycle." >> i'm glad to see america's favorite nerd is back at the table. welcome, steve. i hope you feel better. >> that's nice about you. >> i wasn't talking about myself. 1823, silent films star harold lloyd gave us a thrilling moment in american history. here it is. ♪ >> there was no computer generated special effects back then. that was a literal cliff-hanger, and 90 years later it keeps you on the edge of your seat. the literal cliff-hanger is what we have in congress right now. there's little to no doubt we'll avoid doomsday, but for a while we hang over the aabyss in a daredevil stunt of our own making. this makes americans believe congress is a bunch of big, fat liars. when it comes to honesty, congress ranked so low they're second to used car salesmen. it's a fee even harold lloyd wouldn't attempt to pull off in exchange for an over climactic conclusion. today we debay tut the wheel of fortune style. we use it to determine how to refer to the debate. cliff, slope, fiesta or follies. today we g
're a long away from that. let's just look at earned taxes, lower than they were under president clinton put in place ten years ago. and all president obama is saying let's go from 35% to the top earners, to 39.6%, same as it was under president clinton, the economy did well. it is more than just a drop in the bucket. just raising rates on people making over 250,000, would be a trillion deficit -- >> a trillion dollars, henry, is nothing to be sniffed at. some urged the party to extend the bush-era tax cuts, for the households that earn less than $250,000, to insure the taxes don't go up. who cares anyway? >> sure, there is a point in there. i might dispute the numbers. i would argue as the members of my party, i would argue that we have a spending problem. as opposed to a revenue problem. to my friend steve's remark, about the clinton tax rates, that sounds great to go back to 39%. and yes, that was a time of balanced budgets. but actually, those balanced budgets bear little resemblance to the tax rates. in the clinton years, in the latter clinton years, one, we were in peace time. and two,
's go from 35% to 39.6% the same as it was under president clinton the economy did very well and it is more than just a drop in the bucket. just raising rates on people making over $250,000 would be a trillion dollar over the next ten years. >> $1 trillion is not to be sniffed at. some broke with the leadership and urged his party to extend the tax cuts to ensure that their taxes don't go up. he has a point there. who cares. >> sure, there is a point in there, i might dispute the numbers. i would argue, as the members of my party, that we have a spending problem as opposed to a revenue problem to my friend steve's remark about the clinton tax rates that sounds great to go back to 39%. but, actually, those budgets bear little resemblance to the tax rates. remember, in the latter clinton years, we were roughly at peace time and two, they had been a capital gains tax cut as part of the 1996 tax package. there happened to be a small thing at that time called a technology boom that it led to a bubble. and there were tax revenues there. pointing to a marginal tax ra rate -- >> ther
of state hillary clinton's next move. she could become america's next great mayor? >>> and also, new psychiatric manual defines binge eating as a mental illness. we'll bring ut details. first, let's get the news live at 5:30 a.m. by our partially deaf news anchor here. >> with 27 days to go for negotiating until a year end deadline, the white house is wasting no time rejecting the republicans' fiscal cliff counter offer on tax reforms and spending cuts. the gop plan consists of $2.2 trillion in saving officials a decade including raging the age for medicare from 65 to 67 and lowering the cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue but without raising taxes on the wealthy. frn in a letter to the president, republicans attempted to sell the offer as the erskine bowles plan, comparing it to the same offer he drew up last year. >> i think he'd disagree. >> the co-chair of obama's deficit commission, but yesterday mr. bowles flatly rejected that connection. meanwhile, the white house is turning t
. secretary of state hillary clinton calling the move a setback. >> let me reiterate that this administration, like previous administrations, has been very clear with israel, that these activities that back the cause of a negotiated peace. we all need to work together to find a path forward in negotiations that can finally deliver on a two-state solution. that must remain our goal. >> kelly: so what does it mean for the stalled israeli-palestinian peace talks, john bolton weighs in just ahead. >> jamie: also, a top al-qaeda terrorist is now in custody. big news, we'll tell you where he was captured and why his arrest is so significant. >> kelly: plus, breaking news out of sear yeah, the country's internet service is back on as fighting begins between troops and rebels. we're live in the the middle east. >> jamie: and also, a defiant move out of north korea. the rogue nation's latest plan to launch yet another long range rocket. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it --
it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for the vietnam war. once i
." >> not reaching out aggressively enough like bill clinton, lbj, ronald reagan did. and also it was critical the first four years about him not reaching out enough to the business community. he didn't understand the business community, according to ceos who supported him for four years. but steve rattner, he's made a pretty dramatic shift since the election, and certainly i salute him for doing this, he actually is very engaged with the business community. and i'm not hearing the sort of things from top ceos and business leaders today that i heard the first four years. maybe -- maybe he's leaning in here and trying to rebuild a relationship with some of these people who supported him in '08. >> and i think it goes both ways. i think the business community views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up,
department jobs that could be lost if automatic trick -- automatic tax cuts are formed. >>> bill clinton says he's not sure if hillary clinton will run for president. she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don't think this -- this breeze can helpster things up a little bit. still some low clouds around. i'm seeing breaks in the clouds for san jose. kind of a cooler pattern with the northwest wind. mostly sunny, though, today, no rain except we're done for a while. in fact, as the pattern changes here, even the higher cl
're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was under george bush or barack obama. so i think your case is good in the short term, not so good in the long term. i think the best way to restore confidence in wall street in the long term would be to show we're serious about the deficit. i don't think any deal they strike will be as serious about the deficit as this fiscal slope. >> i just think that era, you're right. the economy boomd especially in the mid 1990s and late 1990s. i don't think it did so well a couple years after bill clinton raised taxes. that's one of the reasons 1994 republicans had the biggest election they've had in 100 years. people wanted an end to the kind of liberalism. but the president better put some spending cuts on the table here. because if he doesn't, i just think the whole thing blows up. larry i'm afraid now we are going to see a potential goi
this because you remember, we went through this with newt. you know, bill clinton would push newt only so far, and then the conservatives in the caucus like myself and matt salmon, steve largent and others would say we're not doing a deal. we will take this place down. we're not doing a deal. and then newt would call bill clinton up and say, you're pushing me too far. you've got to work with me here. the same thing's happening right now with boehner. >> with boehner. >> the republican -- and when you start stripping people of committee -- committee seats, war breaks out and it gets really -- it happened with us. it's about to happen here. he's got to realize that boehner is his partner. >> it feels like we're at a really critical moment here with respect to boehner. and he can choose one of two paths. he could choose the recalcitrant path, which is perfectly possible, or he can say to himself, okay, i need to build a coalition for the purposes of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm ver
.s. troops, shep. >> shepard: sheriffs clinton was at that meeting in brussels. she aimed her words about the syria crisis at another country. >> yes. the secretary directed her comments to russia. she emphasized that the stain legs of these patriot systems in turkey is not meant to destabilize nato's already uneasy relationship with moscow. back here at state chided the russians for skipping upcoming crisis meeting on the syrian conflict. >> we want to see obviously, you know, russia come around to the point of view of the international community with regard to what's happening in syria. you know, we want to work with russia as we have said many times from this podium on the basis of the geneva action group's communication. >> clinton is expected to meet with her russian counterpart sometime in the next 48 hours, shep. >> shepard: meantime syrian rebels are taking their fight to the capital of damascus. move aimed at putting additional pressure of regime and hitting the heart of president assad's power. that strategy is coming at a bloody cost. witnesses say a mortar slammed into a ninth
in community. >>> how do you top that. what president barack obama may may do after hillary rodham clinton steps down as secretary of state. babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. [ girl's voice ] we're gonna have lunch together. what're you having? oh, well, i only have this one, so... that'll do, i'll split it with sally. yea, we'll just share it. [ mal
it be a new job for hillary rodham clinton, after stepping down for secretary of state. >>> and the biggest gain for the head coach, why they are on a leave of accident tort team. >>> you can wake up every morning, get the top stories sent straight to your cell phone, every week day morning, 6:00 a.m. you can get your wake-up call by texting the word wake up to 70123. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> welcome back to the ktvu channel 2 morning news. time now 5:22, coach dennis allan is on a leave of absence and he is in the dallas fort worth area tending to his father. that means the team has to prepa
the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are d
be -- if you raise the rates up to the clinton levels for the top two percent you make 82 billion a year. that is not enough to close the gap . washington post on the editorial page. we looked at what the president suggested and republicans suggested it is nice that they are starting to talk. but the numbers have to be a lot bigger . you need real tax reform. >> gretchen: he won the election with that argument. >> steve: republicans won the congress with their argument that they didn't want to raise the rates. >> brian: if you want to know what the president things. you can go flip channels and find out about the briefing and the president's stance on taxes and goal with the economy and maybe what he will say in the inauguration. look who was invited to the white house >> chris: who was left to run msnbc. >> happy and ed and arihanna huffington. i don't know if the white house released the fact. but someone from the blog sites saw it. and so wait a minute what is going on. yeah, we were invited for not a strategy but just to explain. >> gretchen: i don't know why anybody. >> brian: five
of mine. good friend of bill clinton's played golf with president obama and bill clinton last sunday. versus this extreme radical tea partier, ken cuccinelli who is the todd akin of virginia. man, that's going to be a good challenge. >> announcer: this is the "bill press show." every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> announcer: radio meets television. the "bill press show" now on current tv. >> bill: 33 minutes after the hour now. busy day here on the "full court press" this thursday, december 6th. good to you have with us today. don't forget, you can join
speaker series. answering a question from the audience, hillary rodham clinton is in great shape and has unbelievable stamina but needs to rest up before deciding what she wants to do next. she said she does not want to continue as hillary rodham clinton for president barack obama's second term. >>> and in connection with the robberies at the toll booths, they broke the stories in february and at least two toll takers have been robbed on the bridge. they have been on the loose for months and chp said they would announce more information today. >>> 505, lafayette officials say it will take a million dollars to fix a giant sinkhole. that huge hole opened during the major storm that hit us last sunday. a clogged storm drain added to the problems. they have set up a temporary channel but they are still searching for a pipe to make a more permanent fix. >>> and stretch of highway one is closed this morning because of mud and rock slides. drivers and detours are being fired around just north of fort ross. they are expected to begin some time today and that stretch of highway will be closed unt
: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and programs that the government uses to keep you healthy. joinings now, registered nurse and republican congresswoman from tennessee diane black. former california insurance commissioner, democratic congressman john giram
sure get back to that clinton -- it's unbelievable. >> the fiscal cliff is the big topic today. next year we'll be talking about the entitlement cliff. that's the big problem. >> thanks for coming in. >> if you have any comments or questions about anything we've been talking about here this morning on squawk, e-mail us a at squawk at cnbc.com. when we come back, why net jets is ordering hundreds of new planes. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. take advantage of exceptional values on the audi a8 during the season of audi event. ♪ >>> coming up, the booming business of private planes to the tune of $17 million. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from natio
. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that maybe the president would offer him secretary of business. >> gretchen: really? wait a minute. what percentage of people watching right now think that president obama would offer mitt romney secretary of business. >> brian: that is. >> gretchen: that would be fantastic but i doubt it. >> brian: in reading his bio. one of the business mistake was working in the cabinet for president nixon. i am personally kind of disappointed that bee are talking about tax rates for the rich. >> steve: campaign. >> brian: what about the middle class people standing in the back drop as they need a break and the president urging for something to be done yesterday and there is no scheduled meetings with john boehner. >> gretchen: it is annoying to see just a campaign. how many people are tired of a campaign speech. why not come to the table and figure it out. i don't understand it. >> steve: at this point, both sides know what they will give
to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly that shape. >> when you talked about limiting the deductions there have been proposals from governor romney during the presidential campaign, and from other republicans, when you talk about those limitations on deductions, do you include the charitable deduction and the home mortgage deduction? >> i think you're right to point out the essential problem in this, which is, if you try to limit deductions with a $25,000 cap, what you do is you end up hitting millions and millions -- actually 17 million americans -- a huge part of the revenue comes from that basic fact, which we're not prepared to do -- it complete
hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behavior. is there right. it is very complicated math. when they start saying it is math, it is really complicated math. you show me someone who can do that study -- >> it goes back to that idea, you raise a tax on something, you'll get less of it! >> no doubt about it. >> jim iuorio, thank you. >>> reminder -- do not miss steve leisman's exclusive interview with treasury secretary tim geithner. there won't be many more of these because mr. geithner has signaled he will be leaving. it is at 4:00 p.m. today eastern time. key man, the point man, on the administration side in the fiscal cliff negotiations. >>> bertha co
game shaping up over who will replace outgoing secretary of state hillary clinton. at least one possible nominee is keeping a very low profile. we'll tell you about that coming up. >>> plus flash floods, mudslides and feet of snow. we'll tell you who is bracing for some severe winter weather and it may not be who you think it is twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identitieslen. every time you pull out your w
, and he was granted clemency by the clintons and the deputy attorney general at the time. oscar tried to escape from prison twice. one time they had bombs, they had guns, they were ready to kill the guards. fine stein, one of her arguments is that these prisoners who are in prison now, these terrorists in the u.s., have never caused trouble, have never been an issue, and that's simply not true. they bring a huge danger to the american people, and there's no reason at in this point to let them, to let them out. james madison said in 1788 when they were ratifying the constitution in virginia, he warned about the encroachment of the executive branch over the rest of the, the rest of our congress. and now we're seeing more and more of that. the congress has said that we cannot do that, there's legislation written that says we cannot do this, however, it is still -- it's out there, and the way that it seems to work here is once an idea comes out, it's not let go of. we might not hear about it for a while, but the seeds are sown, and they look to bring these people back. megyn: this would b
republicans? joining us for a fair & balanced debate, simon rosenberg, a former clinton campaign adviser and president and founder of ndn, just for clarity, a democrat. and the former chairman of the republican party of virginia. kate, does the republican party mead to change its position on immigration? >> well, does it darn dash no it needs to actually star, it needs to talk bim congratulations. strstrategic decisions were made to stay away from the issues that affected these democrat i cans that the republicans did terrible with. the democrats define you on these positions, then as anti-immigration or as the president defined the republicans as the enemy of latino, he actually used that word. rips have to start being savvy and realize that their message is won't that truly does appeal to immigrants, the one of hope and opportunity. why do immigrants come to the united states? for freedom and prosperity. republicans have to start conveying they are the party of freedom and prosperity and start talking about legal immigration. look at these people around the world who have spent their l
. that is a given. i think that will happen. bill clinton tried to find a way to balance it out. he was going to cut a lot of investment rates. that, that profumo was enough to help trigger an economic boom. what you hand out in of a tax increase, the president could give back, that would favor the investment community. it could work for him. lori: grover norquist, tea party two-point oh. neil: it is interesting. it is hard to read whether there will be held back to pay for anyone who votes for any type of a tax increase. i think we have learned from this election, you know, back in the a very suicidal pact. i do not know if that threat is real. what is more real right now, the result we have to get a permit spending under control, has disappeared. when it came to spending, that is still -- by the way, the same people who are picking apart the tea party, john boehner is where he is now and the house enjoys the republican party it does now because of the tea party. i would not be so quick to dismiss all. connell: you still think we are all just playing around it we will get a deal done? neil: i would
to the assad regime headquarters. this comes as secretary of state hillary clinton today reiterated her warnings to syrian president bashar assad against using chemical weapons. once again, saying it would cross a red line. senior syrian official refused to confirm the existence of the weapons but denied the government is considering using them in the fight, despite intelligence reports to the contrary. >> our concerns are that increasingly desperate assad regime might turn to chemical weapons. or might lose criminal of them to one of the many groups that are now operating within syria. >> groups according to the u.s. intelligence reports that are affiliated with al-qaeda. and are increasingly fighting alongside opposition forces. >> in a sign that president assad is feeling the mounting pressure he has reportedly sent an envoy to several latin american countries including venezuela, cuba and equador, seeking asylum. not on the list is the two biggest military supports, russia and iran. on britain sky news today, assad's envoy deputy foreign minister denied the report. and said the pres
clinton and state counselors have been engaging for some time, and that is can we get a better answer than we have had in the past two how a new rise in power comes to the international system. and can we do so without running significant risks or indeed fall into conflict. >> thanks. please. >> i agree with everything the undersecretary has said your, and, in fact, admiral sam locklear underscore those pushes a couple days ago in australia. talking about engagement and that strategic trust. but it's interesting that the chinese tend to look at the american, ma asia pacific give it a sort of a continuing strategy. which speaks to the inability to really communicate with strategic effect. and i think you touched, steve, on a very important piece which was a seniority complex and if i can put it that way. china has felt that they were abused by major powers to the 19th century and well into the 20 century, and that has an interesting counterbalance, which is a seemed a bit of a superiority complex about the solutions that they are building on how china images as a global power. the disconten
controversy. as part of clinton administration, they turned down from the sudanese government to arrest o lad bad. >> she is unable to admit she was wrong. she had taken a position that led to escape of a man that ultimately killed 3,000 americans. >> rice my also face trouble from the left. not because of her diplomatic record but because of her financial one. a group that she and her husband are said to be worth $20 million. they also hone oen a stock that is trying to build the controversial keystone pipeline. they insinuated the report was the work of republican opposition groups. >> none of this has anything to do with the tragedy that occurred in benghazi. this is politics. that is shame. >> owning canadian stock is not a conflict but it could be a conflict if confirmed as secretary of state. they would need to sign off the pipeline project if it goes ahead. >> gregg: thanks. >> heather: closer look the real impact of the looming fiscal cliff. what means going over the edge means. >> is the world ignoring to the united states when it comes to the crisis in the middle east. why the lates
with this. white house has signaled that susan rice may be the president's choice to replace hillary clinton for secretary of state. she is known to be one of the president's greatest loyalists and as recently this week, the president voiced utmost confidence in her. what hou do we feel about that? >> it's interesting but all the republicans have gone after ambassador rice because of benghazi but in fact there is a lot of reasons she may not make the best secretary of state. i'm a liberal here. that is because of the drones issue, because of her reputation in africa. they are focusing on benghazi and also her holdings. >> heather: do you think they will push forward on her nomination? >> susan rice is incompetent. it's a pattern. in 1996 when she was in the state department in africa, she was offered osama bin laden on a silver platter by sudan. she didn't accept him. fast forward two months, she was not in attendance when benjamin netanyahu gave a speech. benghazi, and there is a pattern that she is not good for the job. will he nominate her, but she needs 60 votes to go to the senate to se
. secretary of state clinton is working to chart a path forward for the israelis and palestinians one day after the voted to recognize the nonmember state. secretary clinton meeting with officials including the israeli defense minister and palestinian prime minister. the white house says only face-to-face negotiations will lead to a lasting peace. meantime just after the u.n. vote, israel approved construction of new housing in the west bank in ears jerusalem. palestinian leaders said that would not return to the peace talks unless and until israel freezes that construction and it doesn't appear it's happening. they also say they want to return to the pre1967 borders whereby israel would give back the west bank east jerusalem and gaza. back to the early days of the internet. nobody knew how big it would become. obviously. and that's why representatives from around the world are getting together to rewrite the rules for the internet. this is fascinating and what they have in mind could change everything we know about the internet. we have in-depth report coming. plus, after losing the lati
to the clinton year capital gains rates dividends. i think it's going to happen. to a plan to keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to apiece the republicans, too, once they've bothered to identify the cuts they actually want. as much as some may believe that there's no incentive to run partisanship, the dramatic rates of income these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs that could be lost, 1 million of them will most likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on th
it be a 37% number? >> what we've proposed is to let the rates go back to the clinton era, which was a very good time. we think that's the mix. we think that makes the most sense. as i've said before, i'm very skeptical. there's a different way to do it that works economically. >> just as i understand it, not raising rates on the wealthy is something that you would be prepared to go all the way on in terms of going over the cliff. if the 39.6 number -- >> let me say it differently. congress needs to extends those tax cuts for all americans. they need to make sure no american who makes up to $250,000 a year is seeing their taxes go up. that's the most important thing people can do. remember, our obligation is first do no harm. we need to lift that threat over the economy. as part of that, along side that, we'd like to put in place, as i said, a carefully designed balance of reforms to put us on a path to sustainability. as long as there's recognition on the other side that those rates are going to go up at the end of this year, then we think we can reach an agreement on a set of reforms, as
. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job crea
to seek status and palestinians see it is a significant move towards statehood but hillary rodham clinton warns it will undermind effort for peace talks with israel. >> it is a solution that fulfills the aspirations of the palestinians people is through jerusalem and not new york. >> reporter: it comes after 8 days of bloodshed between israel and hamas. it could certainly boost credibility with hamas but there will be a price for them. u.s. is threatening to cut off a half billion dollars in annual aid. reporting live allison burns, ktvu channel 2 morning news. >>> in vallejo, it could be the work of an arsonist, and police are investigating two suspicious fires and that makes 6 in the last few weeks. it was at a mortgage business and just a half hour later another fire was called in. in the past two weeks, four other fires burned two homes and four businesses and they believe it is a transient to blame. >> i saw him actually sleeping where the fire was started. i am worried to death, i can tell you that. >> nobody has been hurt in any of the fires but vallejo police are having them to re
. this is the pursuit of perfection. >> hillary clinton and merrl strep best friends. they posed for the dinner for the kennedy center. strep is a fan of the secretary of state. isn't that cute. they do photos. >> gretchen: those kennedy center honors are wonderful. especially the people who introduce them and hopor them . hilary clinton. >> brian: he should cast meryl strep as hillary clinton. >> gretchen: we'll have to exchange reviews. >> brian: dulike it >> gretchen: it was tuitorial . >> brian: exactly. >> gretchen: i still enjoyed. we are having the discussion right now. i did enjoy it i think the acting was stupendous. i wish it covered more ground. >> brian: it was like a play. >> gretchen: lincoln was soft spoken and so you had to pay attention or you would doze off. kids in five states will spend more time in school. 300 hours for class time starting next year. three year pilot program aimed at making kids more successful in class and schools more competitive. it is paid for state and district funds. but the quiis more school time the answer or something else to make them smarter. >>
clinton offered a hint of optimism that diplomacy was still a possibility. >> we continue to believe that there is still a window of opportunity to reach some kind of resolution over iran's nuclear program. now, i'm not, you know, a wild-eye ed optimist about it, t i think it's imperative that we do everything we can unilaterally, bilaterally, multilaterally to test that proposition. >> the u.s. energy department figures show that iran's oil exports last month were down 1 million barrels a day. compared to the same time last year. >>> a scathing new report out in the uk is calling for tight restrictions on the british press in wake of last year's phone hacking scandal. after a year-long investigation, a senior british judge issued a 2,000-page report detailing what was described as the media's, quote, unethical and reckless behavior. he also called for an independent watchdog to regulate newspapers and protect citizens' privacy. prime minister david cameron set up the inquiry after revelations of illegal eavesdropping that brought down rupert murdoch's now-defunct tabloid, news of th
. you go back to bill clinton's tax rates which we did pretty well under bill clinton, you cut some defense spending, which isn't going to get cut otherwise because the defense contractors are in practically every congressional district in the place. and you do make some human services cuts which i don't like but everybody's going to have to put something on the table here. >> steve rattner, i'm sure you would beg to differ with what howard dean had to say as far as the fiscal cliff goes. he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if
presidential leadership to accomplish what clinton accomplish this had his second term. when that doesn't happen, they're not going blame 200 house members, they'll blame the person in charge. anyway, comments, questions about anything you see here on squawk. triangulate is a beautiful word if used properly. squawk@cnbc.com. rise before. i'm begging you. prove me wrong. coming up, we know diamonds are a girl's best friend, but are they good investments, too? [ male announcer ] what can you experience in a seat? inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. take advantage of exceptional values on the audi a8 during the season of audi event. ♪ >>> coming up, you have heard of gold reserves, but why are the big investment banks loading up on diamonds some the held of graph holdings tells us right after this. [ male announcer ] this december, remember -- you can stay in and share something... or y
clinton. monica crowley, fox news contributor. i it's the thing to do. you get a call. >> president obama has a pattern of inviting political opponents, business leaders to the white house for some sort of confab. what it kals end ends up being is a photo opportunity so he looks like he's extending himself to the opposition, he's bipartisan, and he is neither of those things. bill: would you accept that invite. >> i would accept in a heartbeat. bill: monica is saying nada on this. >> i would be more optimistic on this. we are groping for bi-partisanship. if governor romney has things to share and ways to bridge the fiscal cliff this is all good. bill: we went back to the vault to figure out what they are not going to talk about. we found this first of all, okay. i want you to listen to. roll it. >> i've been in business for 25 years. i have no idea what you're talking about. i had a friend who said you don't just pick the winners and losers, you pick the losers. bill: i've been in business 25 years. i've got no idea what you're talking about. >> actually those points may come up. bill: yo
in the east bay and north bay. >>> new this morning, secretary of state, hillary clinton, warning that there is a redline for the united states if syria uses chemical weapons in their its civil -- in its civil war. >> i'm not ga that telegraph this any specifics what we would do in the event of -- i'm not gonna telegraph this any specifics what we would do in the event they use chemical weapons against in own people. >> the conflict in syria, expected to top the agenda today during vladimir putin's visit to turkey. during those talks, turkey will probably argue for tougher requirements for bashar assad. >>> it is 7:14. we were hoping to get some answers this morning, but as we just reported, the waiting game continues for same-sex couples hoping to get married here in california. alison burns is in our washington, d.c. newsroom with how the u.s. supreme court is keeping them guessing for a few days. >> reporter: just about 45 minutes ago, the justices released a list of cases they are going to be considering this term and still no mention of same-sex marriages. they are going to t
. but the president is also considering to replace hillary clinton with john considerry. susan rice for the united nations, she is still facing opposition because of statements she made about the libyan attack. >>> president obama is meeting with two different groups today. both have concerns about the fiscal cliff crisis. he will lead with the ceos of business leaders and then later, he will meet with native- american tribal leaders. the one issue where he's refusing to budge in fiscal cliff issues. >>> the voters passed prop 30, which raises taxes on people who earn more than $250,000 a year. it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -- anderson forecast says because of prop 30, unemployment will not improve as fast and personal income will be less than expected. but economists say california is still on track for economic growth and more jobs. >>> well, sheriffs in solano county want your help. they are trying to catch vandals who damaged a home known for its holiday displays. every year, bob and linda taylor transform their home in vallejo on
gas into bombs for the appointment. 500 times more toxic than cyanide. hillary clinton holds an emergency meeting with russia's foreign minister and the un peace envoy for syria to discuss the issue. approving the delivery of missiles to turkey. that aimed to protecting the nato area against attacks. deciding to okay the move after mortar rounds killed five people. missiles expected to arrive in turkey next month. the presidential palace is looking more and more like a camp. the egyptian military and selling our buyer. the worst round of violence in two weeks. clashes killed seven last night. those are your latest headlines. back to dagen and connell. dagen: thank you. if the u.s. goes over that fiscal cliff, people in california will pay a ton in extra taxes. california would have the highest earners there would pay almost 52% as their marginal income tax rate. the highest in the country. the only state that would have a calculated rate would be hawaii. three percentage points to the marginal state income tax rate. we will have entrepreneur ethan anderson coming up, maybe to
: you probably remember this, the first year of clinton's presidency a tie vote resolved by vice president gore to break a tie to raise income taxes retroactively. all kinds of lawsuits filed. can't do that retroactively. can't change criminal law retroactively but you can impose taxes. now the state of picking up on it. stuart: these companies are paying out these special dividends before the end of the year. is it possible for the feds to turn around and say we are going to make the tax increase on dividends retroactive to last year. judge napolitano: only by an act of congress and can't imagine a house of representatives going on with it unless republicans and house cave on everything. stuart: reach back to a previous calendar year -- judge napolitano: only by congressional -- stuart: not going to happen. judge napolitano: politically it won't happen but if it did i am sorry to inform you the courts would uphold. stuart: we said it here on "varney and company". judge napolitano: by definition, don't have to tell me what it is. stuart: go. judge napolitano: very good. stuart: i
rab spring. what about prime minister benjamin netanyahu or secretary of state hillary clinton? our own bill o'reilly says the lists highlights a big problem with our country. here is what he said. melissa: you can see we're living in a very shallow time in america, pardon the pun. the truth is, we have very few dynamic leaders in this country. where is abe lincoln when we need him? just like 1860 america is divided nation. there is culture war raging. we need someone to bring us together to solve complicated problems and stop all the nonsense. martha: michael graham, radio talk show host and "boston herald" columnist and he written about this. he joins me this morning. michael, good to have you with us. melissa: my choice is easy. martha maccallum for person of the year. martha: we're done. melissa: i'm kidding. i'm kidding. martha: i could go on and on about my huge impact on 2012. stick with what your column says. go ahead. so you want -- >> i choose bill o'reilly if we're going to do that. martha: i'm sure he will not dispute you there. he will have no argument about that. melis
more for us in washington. >> foremost is who will replace hillary clinton as secretary of state? the white house signaled that un ambassador susan rice will be the choice . this week, the president voiced ut most confidence in her. >> susan rice is extraordinary . couldn't be prouder of a job done. >> also this week another republican senator expressed major doubts about rice not only about the bengazi terrorist attack but because of the africa section during the terrorist attack in the embassy in kenya when they pled for better security. susan collins teled the message to the administration about the secretary of state opening. >> i think john kerry would be an excellent appointment and easily confirmed by the colleagues. >> there are other key cabinet picks. secretary of the defense will have to contend with a destabilized middle east and rising threats from asia when big defense cuts are anticipated. former republican chuck ha gel of nebraska and ashton carter and michelle florinoid . act being director michael more accident orell . homeland security advisor michael vickers a
to introduce chemical weapons into the conflict. secretary of state hillary clinton also warned syria of a swift response from the u.s. if chemical weapons are used. >>> as the fiscal cliff looms president obama is digging in his heels. ktvu alison burns reports the president says the wealthiest americans must pay higher taxes. alison. >> reporter: the president is refusing to agree to anything else unless taxes are raised on the wealthiest 2% of americans. in fact, there are some reports this morning that the president isn't even going to hold any other face to face or one on one meetings with republicans until they cave on that demand. john boehner was at the lighting of the if christmas tree last night. republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get ser
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